Change in the Depreciation Method for Building Improvements and Structures
First written in FY2017-Q1. 4 of 6 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The straight-line method is used for property, plant and equipment, excluding leased assets.」
The annual report reconfirms the accounting policy of applying the straight-line method to property, plant and equipment. - FY2018-Q3RestatedAnnual report
「For the depreciation method applied to property, plant and equipment, we had traditionally used mainly the declining-balance method, while overseas consolidated subsidiaries used the straight-line method. From the first quarter of the current fiscal year, however, the depreciation method for property, plant and equipment to which the declining-balance method had been applied has been changed to the straight-line method. As a result of this change, depreciation expense for the cumulative third quarter of the current fiscal year decreased by ¥129.485 million compared with the previous method, while operating income, ordinary income and profit before income taxes increased by ¥125.551 million each.」
The change from the declining-balance method to the straight-line method for property, plant and equipment from the first quarter is reiterated, together with its impact for the cumulative period. - FY2018-Q2RestatedAnnual report
「For the depreciation method applied to property, plant and equipment, we had traditionally used mainly the declining-balance method, while overseas consolidated subsidiaries used the straight-line method. From the first quarter of the current fiscal year, however, the depreciation method for property, plant and equipment to which the declining-balance method had been applied has been changed to the straight-line method. As a result of this change, depreciation expense for the cumulative second quarter of the current fiscal year decreased by ¥84.727 million compared with the previous method, while operating income, ordinary income and profit before income taxes increased by ¥80.885 million each.」
The change from the declining-balance method to the straight-line method for property, plant and equipment from the first quarter is reiterated, together with its impact for the cumulative period. This is not a new change in method. - FY2018-Q1AdvancedAnnual report
「For the depreciation method applied to property, plant and equipment, we had traditionally used mainly the declining-balance method, while overseas consolidated subsidiaries used the straight-line method. From the first quarter of the current fiscal year, however, the depreciation method for property, plant and equipment to which the declining-balance method had been applied has been changed to the straight-line method. As a result of this change, depreciation expense for the cumulative first quarter of the current fiscal year decreased by ¥41.281 million compared with the previous method, while operating income, ordinary income and profit before income taxes increased by ¥38.213 million each.」
In addition to the previously affected building fixtures and structures, the depreciation method for all property, plant and equipment to which the declining-balance method had been applied was changed to the straight-line method from the first quarter. The impact of the change on profit was also disclosed. - FY2017RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) during the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The annual report also confirms that the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. - FY2017-Q1First statedAnnual report
「Following amendments to the Corporation Tax Act, we applied Practical Response Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (17 June 2016), from the beginning of the current first quarter consolidated accounting period. Accordingly, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method.」
For building fixtures and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The impact on operating income, ordinary income and profit before income taxes was considered immaterial.